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A commercial company issues bonds at a discount of the face value. With amortization, and ignoring coupon payments, equity in the company's balance sheet over

A commercial company issues bonds at a discount of the face value. With amortization, and ignoring coupon payments, equity in the company's balance sheet over the lifetime of the bond

A.

does not change

B.

increases

C.

decreases

D.

first increases and then decreases

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